European Stars and Stripes (Newspaper) - January 03, 1991, Darmstadt, Hesse Page 4 a a the stars and stripes a thursday january .3, 1991 White Washington a the White House acknowledged wednesday for the first time that the nations Economy appears to in a recession. A there Are a. Lot of Job losses around the country and there arc people who Are very hurting a said White House spokesman Marlin Fitzwater. President Bush s top economic adviser Michael Boskin said the nation a a probably has entered a recession while Fitzwa Ter called it a a recessionary kind of period. Quot a 1. A a a a a a a a. A. Fitzwater said there was no Point in quibbling Over words saying a let s not be a recessions Are never Happy events and we Are hopeful that this one whenever it is officially designated will be Short lived a Fitzwater separately Boskin chairman of the White House Council of economic advisers said the administration Likely would acknowledge the economic downturn when it releases economic figures later this month on the just ended fourth Quarter. A 1 a v. A it does appear that after the longest economic expansion in the peacetime history of the United states that the Economy probably has entered a recession a Bosk in said on Abc tvs �?~1 Tod Aye program. A i believe it will be relatively Short and that the worst Quarter of the decline probably was in the Quarter just completed on in a preliminary economic forecast being used to prepare Bush a fiscal 1992 budget proposal the administration shows the Economy shrinking at a 3.4 per cent annual rate in the fourth Quarter of 1090 and at a 1.3 in the first Quarter of 1991, the Wall Street journal reported wednesday. A. The usual definition of a recession is two consecutive quarters of decline in. Econ Irsic output. Until the recent downturn the Economy had been expanding continuously since november 1982. Most economists believe a recession has been under Way for several months but administration officials including Bush previously Only have intimated that a recession May have begun without saying it outright. A. Fitzwater said the evidence from the., final three months of 1990 a is beginning to come in. We done to have Gnu figures yet but they Are expected to be quite asked what the Impact of a War in the persian Gulf would be on an Economy in recession Fitzwater said it would put additional it and would hit parts of the nation particularly severely. Would not be a helpful situation a said. At the same time Fitzwater said Bush a policy to Send troops to the Middle East to defend saudi Arabia was a an import. Tant one certainly in keeping the recession from getting worse by further driving up Oil prices. / a asked Why the administration just flatly say that the Economy was in a full recession Fitzwater All but conceded that it a a a. A i done to have any problem at ail with saying we re in a recessionary kind of period a said. A there is a slowdown peo pie Are in trouble and we need to be taking the kind of Steps that Are being taken to Deal with a flooding moves South w. Virginia watches River Crest by the associated press flood crests moved southward wednesday across Indiana where High water has forced evacuation of thousands of people and the swollen Ohio River inundated Low lying areas along its West Virginia Shore. Most Ohio residents who were evacuated because of flooding that started during the weekend were Back Home wednesday alter River Levels dropped or stabilized. More than 1,200 Homes and 3,000 people have been evacuated in Indiana since the flooding began saturday and a the numbers continue to grow a said Jerry Hauer director of the slate emergency management Agency. A Southern Quot Indiana is what we re really concerned about now a said Alden Taylor a spokesman for the state emergency management Agency. A it looks like the Rivers in the Northern part of the state arc starting to a a a a a. A \ in Auer said serious flooding was expected wednesday in Southern Indiana along the White River which was reaching its highest Levels in 41 years. The Wabash River at Terre haute was nearly t l feet above flood stage. _. A a we re evacuating in Terre haute because of the Dresser levee that a very weak a Hauer said. A a they be been sandbagging All night out there because the levee is in jeopardy.�?�. About 30 families had been evacuated from the Dresser area Oft the Western Edge of Terre haute officials said. A a a a a. A a a a a. The flooding in Indiana and elsewhere in the Ohio Valley resulted from heavy weekend ram and melting Snow Indianapolis received 2.83 inches of ram saturday and sunday its greatest 24-hour rainfall for december this Century the weather service said. In Western West Virginia a Mason county 4,900 students were kept Home from school wednesday because of flooded roads. Many inc chants closed businesses As the Ohio River continued to overflow its Banks Only four Homes were evacuated however a the Ohio River was expected to Crest at 8 feet above flood stage at Point pleasant . During the Day and 2vi feet above flood stage at Huntington on wednesday Hight the National weather service said. V a / a a it a definitely backed up More than in be seen it in 15 years a police it. Rick Modesitt said of the River at Parkersburg. A up Stream at wheelings . The River crested More. Than 3 feet above flood stage and rolled through the streets of Low lying Wheeling Island. A Frank Budreau left and his brother Tony Row across flooded lawns in Northeast Indianapolis on tuesday. Ins for sex offence Columbus Ohio up former . Rep. Donald a a Buzz Lukens began serving a 30-Day jail sentence wednesday for contributing to the Una ugliness of a minor. The Republican was to appear wednesday before Franklin county juvenile judge Ronald so love but turned himself in at the county jail instead. /. Lukens 59, was convicted in May 1989 after a we Klong trial during which a 16-year-old Columbus Gir described having sex with Lukens in his apartment. During Lukens sentencing Solove said Lukens was a a sex offenders who a showed no remorse whatsoever Quot and sentenced him to 180 Days in jail. The judge suspended All but 30 Days a the sentence provided that Lukens submit to testing for sexually transmitted diseases and participate in a treatment program for sex offenders. A jail spokesman said Lukens would not have to share a cell with another prisoner. Lukens unsuccessfully appealed to the Ohio appeals and supreme courts and Thomas Tyack Lukens lawyer has asked the . Supreme court to hear the Case. Lukens resigned from Congress on oct. 25 to avoid a disciplinary hearing by the House committee on ethics. Carmel Calif. Apr landmark land co., owner of several Well known resorts w ill sell most of its holdings for $739 million to a group that includes landmark managers and japanese investors the company announced wednesday. Properties involved in the Deal include the Palm Beach Polo and country club in Florida k5awah Island in South Carolina Oak tree Goff and country club in Oklahoma and Carmel Valley Rauch Moreno Valier Mission Hills la Quinta. Pea West and Oak Valier All located in California. A a the agreement intended to keep Federal regulators from putting the company into receivership must be _ approved by regulators and stockholders. Landmark put its real estate up for Sale last year to t0. A Tilc get a tree savings Bank a landmark subsidiary in compliance with new capital requirements created by the savings and loan bailout,7 to a in vast r is the Daiichi real estate co of Tokyo which would a assemble a team of investors in Usu Imp the senior management of landmark several outer japanese investors and some european partners. Washington apr construe Ion Spendio resumed its slide in november falling 0,6. Percent Dier posting its first gain in six months during octo Brahe government said wednesday. A the Commerce department said residential icon is identical and government construction spending lorded a seasonally adjusted annual rate of $422.4billion Luil from $425.1 billion the previous month a spending fell to the lowest level since $ u 1.6 billion m projects got under Way in october loss novo Mhor >v.,s 2.5 Pawn the $43.1.4 billion posted m the same month of os1spending in october had increased a revised q t n t first gain since a .0.4 percent Advance Hsi March. Last month the department Inisi Jelv h.,d in a. Resumes de the october increase to be 1,3 percent. A no Quot to Industry has been struggling Lor tenths wracked by High interest rates tight lending High vacancy fates and falling consumer vont Suenee because of the persian Gulf crisis and the a Ching Economy. A a a a 4 a la let 62, k 0 construction jobs were lost in no tar a a Nurding to labor department figures. Over about15 5�jjl ills the in it Justry has seen jobs Tumble by tipi ? rank a spending posted a gain in Novena Heddi Ian a 3,5 la Crit it it to an annual rate of s 11.5.9 a and hot us 111 i Art but a 6.6 percent increase in Street i meets. Spending on schools Rose 3.7 per k k a. W a
